FirstService Residential has secured an 11,200 square-foot lease for office space at Yamato Office Center II in Boca Raton.
FirstService Residential is the largest property management company in North America. The company is planning to relocate from its current building at 6300 Park of Commerce Boulevard after having sold the property for $8.3 million to Brookfield Properties last year. Brookfield had agreed to lease back the space to FirstService for one year. Robert Listokin of Colliers represented FirstService Residential in the sale of that property.
Colliers Executive Director Robert Listokin brokered the lease on behalf of the tenant, FirstService Residential, who will move into the new space at 999 Yamato Road in Boca Raton in November, later this year. Jeff Kelly and John Jaspert from CBRE represented the landlord, MH Commercial Real Estate Fund LLC., in the transaction.
“We’re pleased to have assisted a valued client in relocating into a space that fit their needs and timing,” said Listokin. “The property provided the perfect opportunity for the company’s transition and fulfilled their size, pricing, and location requirements.”
Yamato Office Center II is a four-story Class A office tower located at 999 Yamato Road in north Boca Raton’s robust market. The premier office park is highly sought-after due to its proximity to abundant upscale amenities and transportation infrastructures including I-95, the Boca Raton Airport, the Tri-Rail, and the future Boca Raton Brightline station. Furthermore, it is conveniently located at the entrance of The Park of Broken Sound, a well-known live-work-play environment that has benefited from multifamily and retail development in the area.
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